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Sole proprietor

Hi,

 

I am wondering what the process is to filling out taxes for being employed full time but also owning a part time sole proprietorship? Any assistance will be much appreciated. 

thanks,

sean

1 Reply

Sole proprietor

You can use any version to prepare your tax return with Self-Employed income, even Free! When you have any type of "Self-Employment" you must complete the T2125 - Statement of Business Activities,  and every version of TurboTax will allow you to complete this statement.

 

You can always do a "test drive" and start with a lower version of our Online software,  then if you would like more guidance, you can upgrade and your information will carry over to the upgraded version. Just remember you cannot "downgrade" back to the lower version. With the Online version, you do not pay until you complete your return.

 

Here's a link to the complete TurboTax line-up: TurboTax Online Software

 

If you prefer to use our Download version and install TurboTax directly on your computer, you'll need to purchase a version of TurboTax and install it. A description of these different versions can be found here: TurboTax Download Version